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Great traders asking newbies questions

  • #21
  • Feb 10, 2010 7:06am Feb 10, 2010 7:06am
Quoting esuffw
We have too many questions on stops. What if one day all the little fish learned the ways of the sharks? There will be no fish to be eaten...

lol, only kidding.

Keep them questions coming
Then sharks would die out of hunger. Maybe that's a good thing. No, wait what am I saying. How would I make money from forex then. I would have to work 9to5 making $10 an hour then.
  • #22
  • Feb 11, 2010 8:41am Feb 11, 2010 8:41am
Quoting YeahBaby
Then sharks would die out of hunger. Maybe that's a good thing. No, wait what am I saying. How would I make money from forex then. I would have to work 9to5 making $10 an hour then.
As long as there are still systematic fishes out there, I think we are still fine. Don't wanna risk it thou
Life is a school for the soul
  • #23
  • Feb 11, 2010 8:43am Feb 11, 2010 8:43am
Is the Market Random? Whats the evidence to show that it is random? Or do we assume its random because we don't understand enough to make sense of it?
Life is a school for the soul
  • #24
  • Feb 14, 2010 9:05am Feb 14, 2010 9:05am
Do you use a some kind of methodology or are you just guessing when you place a trade?
If you are guessing, would that be same as gambling?
If you are gambling, why not go to play in a casino instead?
  • #25
  • Feb 14, 2010 10:16am Feb 14, 2010 10:16am
The odds in a casino are far worse, with forex at least you can stack the probabilities a lot higher in your favour before taking a trade.
It never gets easier, you just get better
  • #26
  • Feb 15, 2010 8:10am Feb 15, 2010 8:10am
Quoting Shabs19
The odds in a casino are far worse, with forex at least you can stack the probabilities a lot higher in your favour before taking a trade.
"stacking propabilities higher in your favour b4 taking a trade" is using a methodology or logical thinking or using statistical mathematics and therefore in my opinion cannot be called gambling .

'Feeling' or guessing where prize is going in forex is same as 'feeling' or guessing in a casino game.

I believe vast majority of beginners in forex are guessing and hoping just like most people in casino are guessing and hoping.

Just like in blackjack you can turn odds in your favour by card counting, in forex, you can use same principles to turn odds to your favour.
  • #27
  • Feb 15, 2010 9:22am Feb 15, 2010 9:22am
Quoting ak4x
http://www.forexfactory.com/showpost...10&postcount=5

Here's an answer to a Question you haven't asked yet...
http://www.forexfactory.com/showpost...20&postcount=1

Enjoy


Btw... the answers to almost all your (valid) questions are already here somewhere. I spent a very long time sorting and sifting thru long forgotten Dark and Dusty corners of FF reading notes from folks many of whom for the most part have moved on and left nothing here but footprints. Take Lunch and a Flashlight and wander off down the...
hello, yes this is wonderful reading, or maybe this is warning written poetically! I believe i now need to find out what my survival power is, 3 month, 1 year or more? I am really new to FX, newer does not exist, I never listen to any markets, they never interest me in any bit. Just the vocabulary of markets is a new language for me, and I am not very technical minded, computer gives me some fright...but I will try hard and as the author say, I will not rely on any robot to give me quick money!
  • #28
  • Feb 15, 2010 12:16pm Feb 15, 2010 12:16pm
Quoting esuffw
As long as there are still systematic fishes out there, I think we are still fine. Don't wanna risk it thou
What if systematic fishes use systems that quite accurately predict where and when sharks attack?
  • #29
  • Feb 16, 2010 4:07am Feb 16, 2010 4:07am
Quoting Parazite
SIMPLIFIED STOPHUNT.........happens day in day out.......
I am very sorry if anyone feel bad about it but:

If somebody played this breakout he deserved his stop to be hunted.

This chart you posted is of 15M time frame, If you check the 1H or 4H Time frame you will know what i am talking about.
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  • #30
  • Feb 16, 2010 11:46am Feb 16, 2010 11:46am
Quoting YeahBaby
What if systematic fishes use systems that quite accurately predict where and when sharks attack?
Then I guess those fishes will never be caught. They swim under the belly of the sharks... ( You got me there)
Life is a school for the soul
  • #31
  • Feb 16, 2010 11:48am Feb 16, 2010 11:48am
Quoting nihau
hello, yes this is wonderful reading, or maybe this is warning written poetically! I believe i now need to find out what my survival power is, 3 month, 1 year or more? I am really new to FX, newer does not exist, I never listen to any markets, they never interest me in any bit. Just the vocabulary of markets is a new language for me, and I am not very technical minded, computer gives me some fright...but I will try hard and as the author say, I will not rely on any robot to give me quick money!
Keep it up nihau. FF provides all you need. The rest is your patience with your learning. God Speed!
Life is a school for the soul
  • #32
  • Last Post: Feb 16, 2010 11:56am Feb 16, 2010 11:56am
Quoting Shabs19
The odds in a casino are far worse, with forex at least you can stack the probabilities a lot higher in your favour before taking a trade.
Also, the house shows their cards sometimes (FOREX).

Yes, stack the probabilities a lot higher then a casino.
Life is a school for the soul
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